[random023987]

> Do you think banks exist for free? What are the costs of maintaining a system of banks capable of acting as a trusted custodian in such a transaction, covering every jurisdiction the globe over? Have you amortized the cost of aircraft carriers, diplomats, social and class mobility, the set of externalities that ultimately end up reconciled through war and collapse?

Whew, thank god Bitcoin got rid of all the aircraft carriers. And class mobility, I was wondering how to solve income inequality, but who knew it was as simple as Blockchain! Blockchain! Blockchain!

[ftlio]

Bitcoin doesn't solve systemic problems with the existing global financial order in a single step, so it must be worthless!

[random023987]

I can detail a process through which bitcoin is used primarily for speculation and criminal activity.

Can you detail a feasible process whereby bitcoin gets rid of the aircraft carriers?

Or alternatively, can you detail a feasible process whereby bitcoin gets rid of income inequality?

[ftlio]

Can you show me where I said the aircraft carriers need to be gotten rid of? Can you show me where I even mentioned income inequality, let alone said it should be gotten rid of?

Your glib reply of 'lol, banks already do this, why do we need to put it on the blockchain' just assumed that banks exist without external costs. And now I'm supposed to get rid of all the external costs you don't know exist? Get an imagination, or beat up on a different straw man.

[random023987]

So you're saying that society as a whole would be better off simply using banks? Given that the external costs of banks have already been paid, and we can save a ton of energy by not flooding the etulip market with speculation.